VOL. XXXIX

No. 52

23-September-1996

PALESTINE

Investment Bank For Palestinian Areas To Open This Year

The Arab Palestinian Investment Bank (APIB) is expected to open for business in the Palestine self-rule areas this year, its chairman, Mr. 'Abd al-Majid Shuman said last week following its first board meeting. APIB is capitalized at $15mn and owned 55% by Arab Bank, 25% by the World Bank's investment arm, International Finance Corporation, 15% by Deutsche Investitions und Entwicklungs...